The cryptocurrency market remains calm as Bitcoin struggles to maintain $70,000. However, this silence may herald new explosions. At least that’s what some analysts predict. A crypto analyst with a large following is predicting a big boom for the original meme coin, Doecoin, in the coming months. The analyst also says that declines in the price of an AI-focused altcoin will be a buying opportunity. Finally, the analyst talks about BTC correction one by one.
Altcoin Sherpa: This meme coin is getting ready to explode!
cryptokoin.comAs you follow from , popular meme coin Dogecoin experienced strong gains last week. However, according to some analysts, this is just the beginning. Analyst nicknamed Altcoin Sherpa says Dogecoin (DOGE) has the potential to rise over 200% from current levels. In this context, the analyst makes the following statement:
DOGE: Honestly this is still a great long term investment. By long term I mean more than six months. It will do something crazy this cycle and still increase by at least 3x (probably more) from here. Accumulated for 700 days, it is still the banner for all of crypto. Also, market cap/liquidity/etc. Very ‘safe’ considering.
Meanwhile, DOGE was trading at $0.2098 at the time of writing. Although Meme coin saw a 2.6% decrease on its daily chart, it recorded a 26.5% increase on its weekly chart.
““FET pullbacks are buying opportunities”
After Dogecoin, Altcoin Sherpa is looking at AI-focused crypto project Fetch.ai(FET). Analyst says FET is bullish. He also notes that pullbacks are potential buying opportunities for active traders. In this regard, the analyst shares the following assessment:
FET: Keep pumping! If you are actively trading, this is one to buy any dips. I think it still looks extremely strong.
Meanwhile, FET was trading at $3.07 at the time of writing. The AI coin lost nearly 4% on its daily chart. However, it gained over 22%.
Altcoin Sherpa: There will be a decline, but…
Finally, the analyst discusses the leading cryptocurrency Bitcoin (BTC). Altcoin Sherpa says BTC is in a consolidation phase before seeing a new rise. In this context, the analyst draws attention to the following levels:
BTC: price has consolidated here for about a month. Overall, this is a bullish trend and I don’t think we will move lower (in the short term) to a range lower than $60,000. We expect a further decline. But then we’ll pull the next leg up. I think there is no reason to be bearish.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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